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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (136842)	4/6/2023 1:03:13 PM
From: Goose94	Read Replies (1) \| Respond to of 203155

Golden Shield (GSRI-Cse) Announces Cdn$3.5 Million Brokered Private Placement March 3rd 2023 - NR Golden Shield Resources Inc. has entered into an agreement with Canaccord Genuity Corp., pursuant to which the agent will act as an agent for the company on a best efforts agency basis in connection with a private placement of up to 20 million units of the company at a price of 17.5 cents per unit for gross proceeds to the company of up to $3.5-million. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company for a period of 24 months following the closing date of the offering at an exercise price of 25 cents for the 12-month period following the closing date (as defined below) and thereafter the exercise price will increase to 35 cents for the remaining term of the warrants. The net proceeds of the offering will be used for exploration of the company's flagship Marudi property, including diamond drilling, aircore drilling, trenching, pitting, hand augering, mapping and sampling, and for general working capital of the company. The offering is scheduled to close on or about April 12, 2023, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Canadian Securities Exchange. Completion of the offering remains subject to the receipt of all necessary regulatory approvals, including the approval of the CSE. The securities issued pursuant to the offering will be subject to a four-month hold period from the closing date. About Golden Shield Resources Inc. Golden Shield Resources was founded by experienced professionals who are convinced that there are many more gold mines yet to be found in Guyana. The company is well financed and has three wholly controlled gold projects: Marudi Mountain, Arakaka and Fish Creek. Golden Shield continues to evaluate other gold opportunities in Guyana. 3 information, other than as required by applicable law. SOURCE Golden Shield Resources Inc. For further information: Leo Hathaway Executive Chairman Email: info@goldenshield.ca Telephone: +1 778-654-9665